EU - Cyprus confiscating 10% of all bank depositors money

....."The terms of the deal mean that Cyprus’s savers will sacrifice up to 10% of their deposits in a move which will raise as much as €6 billion.

The move, which is likely to prove unpopular with the country’s 1m citizens - and the Russian non-residents who reportedly account for half of deposits in Cyprus’s banks - will be enacted almost immediately.

Following a bank holiday in the country on Monday, March 18, the levy on bank deposits will come into force on Tuesday, March 19.

The Cypriot government will take steps to prevent electronic money transfers over the weekend, in order to stop depositors attempting to avoid the curbs."

Eventually all of us. It's forced austerity and they won't be happy until they've oppressed everyone.

Quoting: Earth Daughter

How is it austerity? Austerity means that the government reduces its spending to sustainable levels. What European Austerity means is that European countries are all over indebted and beholden to the banks that can generate more credit for their drunken spending to meet promises they can never keep.

So, the banksters are robbing the people blind, probably knowing their fictional gains in holding sovereign bonds are just that, fictional.

After all most of the ramp was due to credit injected by the federal reserve and once the markets tank all that credit will be seen as phantom assets which evaporated leaving only a debt overhang.

I'm sure the administration is actively looking at imposing a measure to confiscate at least 30% of the recent gains in the markets. Plus they can capture the bigger fish who have their real savings in offshore accounts.

And so it begins.... All Cyprus banks this weekend have frozen electronic transfers while a bailout is brought in. There will be a "bank holiday" on Monday and then on Tuesday, March 19th, 10% of every bank depositors savings will be taken and transferred to the central planners and central banksters.

So the President in Cyprus allowed banks to confiscate 10% of all bank depositors including the accounts of the russian mafia????So Mr president you are going to steal money from the Russian Mafia and expect to get away with it??? I wouldn;t want to be in your shoes mate......Watch this before you make up your mind..... [link to www.youtube.com]

And so it begins.... All Cyprus banks this weekend have frozen electronic transfers while a bailout is brought in. There will be a "bank holiday" on Monday and then on Tuesday, March 19th, 10% of every bank depositors savings will be taken and transferred to the central planners and central banksters.

they expressed interest in a house my family has for sale in southern france for around 300,000 euros.

this guy, english, who had previously owned a villa and sold it in cyprus, was a ROYAL pain in the ass. he came over to france for two viewings and needed help in finding and getting a haircut for fucks sake... in the LAND of hairdressers. total out of touch loser with a big opinion of himself.

anyway he loved himself to bits and couldnt resist telling us that he had sold his piece of shit villa in cyprus and had 300 grand sitting in euros in a cypriot bank earning him fat interest and how we should all bow down and worship his financial wisdom ra ra ra

so he eventually makes an offer on the property (having written the MOST pathetic email dragging in stuff like how by offering this amount he would have to deprive his 7 year old daughter's eventual college fund and shit like that) and we negotiate him up a little bit and he agrees and accepts. all good.

pretty much immediately after accepting he starts back peddling and being non committal and basically fucking us around, eventually he cites 'an illness in the family' and pulls out leaving us high and dry.

so fast forward until today, that amazing cyprus bank account has been raped and ravaged by brussels and he is PISSING and MOANING on twitter in the most extreme fashion... it's almost worth the hassle of knowing him. he is SO butthurt right now. declaring war on cyprus etc.. LOLZ

EPIC fail mate, you got FUCKED!

treat people better you horrible, self important man and maybe next time it won't bite you so hard when it comes around like it ALWAYS does.

And so it begins.... All Cyprus banks this weekend have frozen electronic transfers while a bailout is brought in. There will be a "bank holiday" on Monday and then on Tuesday, March 19th, 10% of every bank depositors savings will be taken and transferred to the central planners and central banksters.